Analysts Set CBRE Group, Inc. (NYSE:CBRE) Price Target at $158.00

Key Points

• CBRE Group, Inc. has received an average rating of "Moderate Buy" from 10 research firms, with a twelve-month price target averaging $158.00.
• In its latest quarterly earnings report, CBRE Group posted an earnings per share (EPS) of $1.19, exceeding analyst expectations of $1.05, on revenues of $9.75 billion.
• Several hedge funds have increased their holdings in CBRE Group, indicating strong institutional interest, with 98.41% of the stock currently owned by institutional investors.

CBRE Group, Inc. (NYSE:CBRE - Get Free Report) has earned a consensus rating of "Moderate Buy" from the ten research firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $158.00.

CBRE has been the topic of a number of research analyst reports. Wall Street Zen raised shares of CBRE Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Morgan Stanley reaffirmed an "overweight" rating and issued a $170.00 price target (up previously from $160.00) on shares of CBRE Group in a research report on Thursday, June 12th. Evercore ISI raised their price target on shares of CBRE Group from $147.00 to $164.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Keefe, Bruyette & Woods increased their price objective on shares of CBRE Group from $131.00 to $147.00 and gave the company a "market perform" rating in a research note on Thursday, July 24th. Finally, Raymond James Financial increased their price objective on shares of CBRE Group from $163.00 to $166.00 and gave the company an "outperform" rating in a research note on Thursday, July 24th.

CBRE Group Price Performance

Shares of NYSE:CBRE traded up $2.10 during trading on Friday, hitting $155.59. 683,160 shares of the company were exchanged, compared to its average volume of 1,827,542. The business's 50 day moving average is $141.27 and its 200-day moving average is $133.89. The company has a market capitalization of $46.29 billion, a P/E ratio of 43.62 and a beta of 1.34. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.51. CBRE Group has a 1-year low of $107.86 and a 1-year high of $161.03.

CBRE Group (NYSE:CBRE - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $1.19 earnings per share for the quarter, beating analysts' consensus estimates of $1.05 by $0.14. CBRE Group had a return on equity of 18.89% and a net margin of 2.86%. The business had revenue of $9.75 billion during the quarter, compared to the consensus estimate of $9.50 billion. Equities analysts forecast that CBRE Group will post 5.99 earnings per share for the current year.

Insider Transactions at CBRE Group

In other CBRE Group news, CFO Emma E. Giamartino sold 1,972 shares of the company's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $129.10, for a total value of $254,585.20. Following the sale, the chief financial officer owned 105,371 shares in the company, valued at approximately $13,603,396.10. This represents a 1.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Lindsey S. Caplan sold 1,494 shares of the company's stock in a transaction dated Tuesday, July 29th. The stock was sold at an average price of $155.37, for a total transaction of $232,122.78. Following the completion of the sale, the chief accounting officer owned 26,717 shares in the company, valued at approximately $4,151,020.29. This trade represents a 5.30% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,898 shares of company stock worth $1,122,558. Corporate insiders own 0.42% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CBRE. Obermeyer Wealth Partners increased its stake in shares of CBRE Group by 2.8% in the second quarter. Obermeyer Wealth Partners now owns 2,432 shares of the financial services provider's stock worth $341,000 after purchasing an additional 66 shares in the last quarter. NewSquare Capital LLC increased its stake in shares of CBRE Group by 40.7% in the second quarter. NewSquare Capital LLC now owns 235 shares of the financial services provider's stock worth $33,000 after purchasing an additional 68 shares in the last quarter. Fidelis Capital Partners LLC grew its stake in CBRE Group by 1.6% during the second quarter. Fidelis Capital Partners LLC now owns 4,292 shares of the financial services provider's stock valued at $601,000 after acquiring an additional 69 shares in the last quarter. Advisors Capital Management LLC grew its stake in CBRE Group by 4.0% during the second quarter. Advisors Capital Management LLC now owns 1,882 shares of the financial services provider's stock valued at $264,000 after acquiring an additional 73 shares in the last quarter. Finally, Moody National Bank Trust Division grew its stake in CBRE Group by 4.2% during the second quarter. Moody National Bank Trust Division now owns 1,895 shares of the financial services provider's stock valued at $266,000 after acquiring an additional 76 shares in the last quarter. Institutional investors own 98.41% of the company's stock.

About CBRE Group

CBRE Group, Inc operates as a commercial real estate services and investment company in the United States, the United Kingdom, and internationally. The Advisory Services segment offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing of offices, and industrial and retail space; clients fully integrated property sales services under the CBRE Capital Markets brand; clients commercial mortgage and structured financing services; originates and sells commercial mortgage loans; property management services, such as marketing, building engineering, accounting, and financial services on a contractual basis for owners of and investors in office, industrial, and retail properties; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting.